Expert Knowledge,
Straight from Practitioners.
Tax tips, legal guides, and financial advice written by the same verified CAs, Advocates, and Advisors you can consult on ConsultEase.
ITC can be claimed on leased goods transport vehicle : lshan Resins & Paints Limited
Case covered: Name of the applicant: lshan Resins & Paints Limited Address (correspondence) Gate No 1, Jalan Industrial Complex, Baniara, Begri, Howrah-711411 GSTIN 1gAAACI5587K1ZO Case Number 46 of 2019 ARN AD 1911 190001310 Date of application November 08, 2019 Order number and date 40 of
SECTIONWISE ANALYSIS – GST AMENDMENTS
GST AMENDMENTS – HIGHLIGHTS AT A GLANCE 1. Union Territory to include ‘Ladakh’ & ‘Dadra and Nagar Haveli and Daman and Diu’ Source Clause 116 of the Finance Bill,2020. Clause 135 of the Finance Bill, 2020 Effective Date Date to be notified by the government.
Shubham KhaitanFeb 3, 2020Whether a circular can overtake Law? Pitambra Books case
Case covered: M/S PITAMBRA BOOKS PVT. LTD VERSUS UNION OF INDIA & ORS. Facts of the case: The petitioner – who is engaged in the business of manufacturing and trading of books, is registered under the Goods and Service Tax Act(hereinafter referred to as “the
No penalty can be imposed on partners, if penalty has been imposed on partnership firm:Awin Exim Company Versus Commissioner of Customs
Case covered: Awin Exim Company – Appellant Arunodaya, Bapu Bhai Vashi Road, Vile Parle, W, Mumbai, Maharashtra VERSUS Commissioner of Customs, Ahmedabad – Respondent Custom House, Near All India Radio Navrangpura, Ahmedabad, Gujarat Facts of the case: These appeals have been filed by M/s. Awin
Key highlights of Budget 2020
KEY TO BUDGET DOCUMENTS BUDGET 2020-2021 1. The list of Budget documents presented to the Parliament, besides the Finance Minister’s Budget Speech, is given below: A. Annual Financial Statement (AFS) B. Demands for Grants (DG) C. Finance Bill D. Statements mandated under the FRBM Act:
Download Budget speech of FM 2020
Download Budget speech of FM 2020 Tax rate slabs for 2020 Taxable Income Slab (`) Existing Tax Rates New Tax Rates 0-2.5 Lakh Exempt Exempt 2.5-5 Lakh 5% 5% 5-7.5 Lakh 20% 10% 7.5-10 Lakh 20% 15% 10-12.5 Lakh 30% 20% 12.5-15 Lakh 30% 25%
New Slabs of Income tax for FY 2019-20, AY 20-12: Individual
New simplified income tax regime(optional) New income tax slabs declared by FM are: Individual: With out deductions 0-2.5 Exempt 5% for income from Rs.2.5 to Rs.5 lac 10% for income from Rs. 5lac to 7.5 lac (currently 20%) 15% for income from Rs. 7.5 lac
Amendment in Section 67 of LLP Act, Section 460 of Companies Act, 2013 is made applicable to Limited Liability Partnerships as well.
Amendment in Section 67 of LLP Act Section 460 of companies Act 2013 was made applicable on LLP’s also.Amendment in Section 67 of the LLP Act introduced to give effect to this change. Notification in this regard issued on 30th January 2020. GOVERNMENT OF INDIA
MEMORANDUM FINANCE BILL, 2020
PROVISIONS RELATING TO DIRECT TAXES Introduction The provisions of Finance Bill, 2020 (hereafter referred to as “the Bill”), relating to direct taxes seek to amend the Income-tax Act, 1961 (hereafter referred to as ‘the Act’), Prohibition of Benami Property Transactions Act, 1988 (hereafter referred
claim of the input tax credit either by directing the respondents to open online portal or by directly them to allow the same manually
Case covered: M/S PRADIP CHIMANLAL MEVADA Versus UNION OF INDIA Facts of the case: By this writ application under Article 226 of the Constitution of India, the writ applicant has prayed for the following reliefs: “(a) To issue writ or in the nature of a mandamus or any other appropriate writ, order, or direction the respondent to allow the petitioner to file the form GST ITC 01 in order to claim the input tax credit of the
states where due date of GSTR 9 and 9C is 3rd Feb 2020
The due date for filing of GSTR 9 and 9C is extended to 3rd feb for following states Group 1: Maharashtra Karnataka Goa Kerala Tamil Nadu Puducherry Telangana Andhra Pradesh Other Territory In these states due date of filing GSTR 9 and 9C will be
GSTR 9 and 9C due date extended
GSTR 9 and 9C due date extended: Group 1: Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Puducherry, Telangana, Andhra Pradesh, Other Territory – 3rd February 2020 Group 2: Jammu and Kashmir, Himachal Pradesh, Punjab, Chandigarh, Uttarakhand, Haryana, Delhi, Rajasthan, Gujarat- 5th February 2020 Group 3: Bihar,